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Well Established & Popular Cafe For Sale

Houghton Le Spring, Tyne and Wear, UK
Asking Price:
£39,995
Turnover:
£113,625
Net Profit:
Available on request

Business
Please Quote Reference B05865

Hilton Smythe welcomes to the market The Nutmeg Tree, a well-established and popular cafe located on Newbottle Street, Houghton le Spring.

The business has been established for over five years, and is currently run as a family concern, and only now does it come to the market as our clients are looking to wind down.

The Nutmeg tree is a well-known café within the area, selling a range of Breakfasts, Soups as well as high end specials, such as “Blackened Salmon” & “Pollo Supreme”. The business has a fantastic range of reviews online, with one customer stating, “Always friendly staff never had a bad meal always lovely, thank you”.

As social media is important within business these days, the business has a popular Facebook page amassing hundreds of “likes”, with many customers uploading photos and thanking our clients for their hospitality.

The business is located on the main shopping street of the town, providing ample footfall from shoppers and passing customers as well as the usual regulars.

Scope to Improve:
Introducing Deliveries.
Using platforms such as, Just Eat & Uber Eats.
Offering coffee mornings for local community groups.
Further local advertising.
Consider private hire/functions & meetings on days currently closed or after hours.

This is a fantastic opportunity that is not to be missed. Viewings are by appointment only and all enquiries are to be directed to Hilton Smythe.

Location
The Nutmeg Tree is in Houghton Le Spring, a small town in the North East of England. The business is situated on the main shopping area, surrounded by popular retail chains, bars and shops, being located on this sought-after location is beneficial giving the amount of footfall which passes through this area. The business further benefit from ample parking within the town and nearby free car parks.

The area of the business is well-served by the public transport system, with bus stops within easy walking distance of the business. Bus links to nearby cities such as Newcastle, Durham and Sunderland.

Premises
The cafe occupies an excellent high street location attracting a large amount of footfall, with excellent signage at the front of the premises. There is ample free and pay for parking within the proximity, as well as side street parking.

Ground floor;

Cosy seating area with around 54 indoor covers, with space outside. As well as having numerous tables and chairs for dining, the business homes a “cozy corner” which features comfortable settees and relaxing décor, where you may also dine. To the back of the premises there is a well-equipped kitchen & storage facilities, as well two toilets for staff.

Basement;

Currently used as storage and included within the sale.

WC;

Customer toilet, with hand wash, drying facilities & baby changing equipment.

Some of the Equipment included in the sale:
1800W Microwave.
Panini Machine.
5 Burner Oven.
Double Flat-top Griddle.
Stainless Steel Benches x2.
Commercial Sink.
Bain Marie.
3 door commercial fridge & 6 drawer commercial freezer.
2 x Chest Freezers.

Security;

The shop is secured by a metal roller shutter at the front, alarm equipment and CCTV system.

Tenure
We are advised the premises is Leasehold, with rent set at £32,000 Per Annum.

The business has rates set at £1,666 PCM.

Hours
Monday: 8:30AM – 5:00PM
Tuesday: 8:30AM – 5:00PM
Wednesday: 8:30AM – 5:00PM
Thursday: 8:30AM – 5:00PM
Friday: 8:30AM – 5:00PM
Saturday: 8:30AM – 5:00PM
Sunday: Closed

Staff
The business is currently running with 5 part time staff members, our client in the kitchen and a casual Saturday girl.

Financial Profile
The Nutmeg tree generated a turnover of £113,625 as of the 2019 accounts, with a gross profit of £81,877.

For further information please reference B05865.

Property Information

Property:

Leasehold

Contact Hilton Smythe

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